My own lived experience tells me they deserve more.

The vast majority of people I've known who have worked for minimum wage were much harder workers and frankly just much better humans (who happened to have less privileged starts in life) than the vast majority of people I've known who are financially secure.

But even if you don't believe they deserve more inherently, it would still be dumb for us to continue to let income inequality grow at the ridiculous rates it has been over the last 40 years. This pattern never turns out well for society.